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X and Y have original investments of $47,176 and $107,850 respectively in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 10%, salary allowances of $28,803 and $30,420 respectively, and the remainder equally. How much of the net income of $118,415 is allocated to X?
What was the total impact on Jensen Company's 2013 income as a result of this fair value hedge of a firm commitment?
What effect do these types of leases have on the balance sheet? What is a capital lease? How does application of capital lease accounting provide insight into a company’s financial health?
Kathy’s Blooms purchased a delivery van for $20,000. The company was given a $2,000 cash discount by the dealer, and paid $1,000 sales tax. Annual insurance on the van is $500. As a result of the purchase, by how much will Kathy’s Blooms increas..
Prepare a new standard for the recognition, measurement and presentation of leases.
Equity Transactions and Statement Preparation - share cash dividend on common stock and declared preferred dividend.
Evaluate what MACRS convention applies to machine and find weston's cost recovery for 2012 is $ and for 2013 is $ .
Purpose a comparative income statement, with vertical analysis, stating each item for both 2006 and 2005 as a percent of sales. Comment upon significant changes disclosed by the comparative income statement.
Undersymington Company has an opportunity to invest in a machine that would cost $28,000, and that would produce cost savings of $8,000 each year for the next five years. The machine has zero salvage value. What is the internal rate of return?
Compute the equivalent units for materials using the weighted- average method. Calculate the equivalent units for conversion costs using the weighted-average method.
What amount did Target report as accounts receivable, total on its ending 2007 balance sheet and Prepare the entries that Target made in its allowance for doubtful accounts in 2007
Determine the spending and efficiency variance for variable manufacturing overhead costs for the year.
If the allowance for doubtful accounts before any necessary adjustment is at $10,000, what adjustment will have to be made at the end of the period?
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